NewEnergyNews: NUCLEAR INDUSTRY SEEKS SOCIALISM/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Friday, February 17, 2012

    NUCLEAR INDUSTRY SEEKS SOCIALISM

    Report: Iowa Consumer’s Annual Utility Bills Could Climb Over $800 if Legislature Permits Unfair Nuclear Reactor Financing Method
    February 14, 2012 (Environmental Law & Policy Center)

    "A leading U.S. expert on nuclear reactor financing is warning that a bill pending in the Iowa Senate to allow MidAmerican to charge in advance for the construction of new nuclear reactors could lead to significantly more expensive utility bills for state consumers, up to $70 higher a month ($840 per year).

    "Analyst Mark Cooper shows how the examples of four Southeastern U.S. states – North Carolina, South Carolina, Florida and Georgia – have led to major harms to consumers when “early cost recovery” or “construction work in progress” (CWIP) is used to finance nuclear reactors…Cooper’s analysis concurs with the Staff of the Iowa Utilities Board (IUB), which examined the controversial nuclear financing scheme before the state legislature (HF561), and concluded that it poses a serious threat to Iowa ratepayers. The Cooper report…[found that] advanced cost recovery is fundamentally flawed, placing ratepayers at extraordinary risk for an excessive and unnecessary cost burden that runs into the billions of dollars…"


    There are a lot of ways to go wrong with nuclear. (click to enlarge)

    [Mark Cooper, senior fellow for economic analysis, Institute for Energy and the Environment/Vermont Law School:] “Past experience and current developments in the few Southeastern U.S. states that have allowed advanced cost recovery for nuclear reactors indicate that removing consumer protections will impose significant costs on Iowa ratepayers and expose them to extraordinarily dangerous risks. The push for early cost recovery for construction of nuclear reactors in Iowa and elsewhere is driven by one basic truth about new nuclear reactors: They are totally uneconomic. The markets won’t touch these projects so the industry’s only alternative is to enlist state lawmakers to leave consumers holding the bag.”

    [Mark Cooper, senior fellow for economic analysis, Institute for Energy and the Environment/Vermont Law School:] “…[In] the Southeast, each individual nuclear reactor project costs $15 to $20 billion. Over $4 billion has already been approved for advanced cost recovery, yet it appears increasingly unlikely that the most of reactors will ever be built…If reactor construction moves forward as proposed, almost $85 billion of construction costs will move into the utility rate-base causing rapid increases in typical consumer bills within a decade. Less costly, more consumer and environment friendly [widely available] alternatives will be crowded out of the resource mix.”

    0 Comments:

    Post a Comment

    << Home